BUSINESS BENEFITS

Program management provides a competitive advantage for businesses that view and utilize it as a critical business function within their organization.

Advantages are gained through:

Integration of business elements. Program management is the mechanism by which the work of various operating functions within a company is integrated to create an effective business model. When program management is properly conceived and executed, it helps to execute business strategies much more effectively than an uncoordinated approach.

Aligning business strategy to operational execution.  A company that translates good strategy into good execution is bound to outplay a rival that has good strategy, but cannot translate it into good execution. Program management can be viewed as the organizational “glue” that translates strategic business objectives into actionable plans and then manages the tactics to achieve the desired business results.  

Managing return on investment. Program management practices put a continual focus on the business aspects of developing products, services and infrastructure. A skilled and competent program manager is the primary business manager on a program, and is responsible for focusing on, and ensuring the return on investment for his or her program is met. 

Accelerating time-to-money.  By using an integrated development approach driven by program management, time-to-money goals are optimized.  The program management model is built on the identification and management of the cross-project deliverables through an iterative and integrated development process.